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Putin Hopes RF Increases Investments Into Armenia's Economy

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  • Putin Hopes RF Increases Investments Into Armenia's Economy

    PUTIN HOPES RF INCREASES INVESTMENTS INTO ARMENIA'S ECONOMY
    by Mikhail Petrov

    ITAR-TASS, Russia
    Oct 30 2006

    President Vladimir Putin said he is hopeful that Russian companies
    will increase investments into Armenia's economy.

    Opening his meeting with Armenian President Robert Kocharyan on
    Monday, President Putin said, "Shame of us but Russia ranks third on
    investments into Armenia's economy. I say shame of us because it is
    rather strange when Russia does not rank first on investments into
    the economy of its strategic partner."

    At the same time, the Russian president said trade and economic
    relations are developing. "Trade is growing although absolute figures
    are not so high for Russia - the growth reaches 60 percent in the
    eight months," he added.
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